Broomfield Apartment Community Sells for $106M
The Connor Group A Real Estate Investment Firm based in Ohio has purchased Terracina Apartment Homes in Broomfield, for $106M.
The Connor Group reportedly purchased the community as part of a four-property $618 million buy that also includes properties in Chicago, Raleigh, Atlanta, Dallas.
Terracina Apartements is 386-unit community developed by Catalina Development Co. and built in 2009. Amenities include a pool, clubhouse and fitness center and rent for a one-bedroom unit starts at $1,499. The property was sold from Griffis Residential.
According to managing partner Larry Connor, the company plans to complete $2.5 billion in annual transactions by 2022, with the goal of growing its presence in Denver over the next two to three years.
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